BLESSED STEPHEN BELLESINI O S A ACADEMY INC
Mission Statement
Bellesini Academy provides a quality scholarship education to students from limited financial means living in Lawrence. The mission of the school is to provide an academically challenging and highly structured environment that develops the potential for each student to succeed in competitive secondary schools and colleges. Bellesini strives to: 1) Identify and admit students of all faiths who demonstrate academic promise and fall below the poverty line; 2) Provide at-risk inner-city students with the advantages enjoyed by suburban students including: a) challenging academic curriculum taught in small classes by highly qualified teachers, b) a safe and secure school environment, c) after-school activities that help students develop non-academic talents and interests, d) a supervised study environment in which to complete homework, and e) quality summer programs that help maintain academic gains in a fun, camp-like environment; 3) Instill qualities and values of good citizenship, morality, community service, and civic responsibility; 4) Support and equip our students and alumni to overcome the challenges they face as people of color; 5) Prepare students for success in academically competitive high schools and colleges; 6) Place 100% of graduates in private college preparatory high schools on scholarship; and 7) Support graduates throughout their high school and college careers to ensure their continued success.
Financial Overview — FY 2024
Compared with Peers
FY 2023| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
82.5% | 84.5% |
P10P90
|
Below median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
4.5% | 13.0% |
P10P90
|
Top quarter |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
13.0% | 0.0% |
P10P90
|
Bottom quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
29.9 mo | 8.6 mo |
P10P90
|
Top quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
10.7% | 23.0% |
P10P90
|
Above median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
97.5% | 90.7% |
P10P90
|
Below median |
|
Revenue growth
Year over year revenue growth
|
3.8% | 7.5% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
-2.2% | 11.6% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
-6.3% | 3.2% |
P10P90
|
Impact
2 programs| Outcome / Program | People Served | Cost / Service | # Completed | Duration |
|---|---|---|---|---|
| Bellesini provides tuition-free education to 60 boys & 60 girls in grades 5-8 in Lawrence | 120 | $11,000.00 | — | Per Year |
| Alumni Support Program serves 200 alumni & 90 alumnae in high school, college & careers | 250 | $1,000.00 | — | Per Year |
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $1.7M | $1.7M | N/A | — | 24 |
| 2023 | $1.5M | $1.5M | $3.8M | 82.5% | 49 |
| 2022 | $1.4M | $1.6M | $3.9M | 82.5% | 50 |
| 2021 | $1.4M | $1.4M | N/A | — | 33 |
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